Professional
Added to YB: 2025-02-17
Pitch date: 2025-01-26
CABP.L [neutral]
CAB Payments Holdings Limited
+11.29%
current return
Author Info
No bio for this author
Company Info
CAB Payments Holdings Limited, through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally.
Market Cap
GBP 102.5M
Pitch Price
GBP 0.61
Price Target
N/A
Dividend
N/A
EV/EBITDA
-111.12
P/E
7.21
EV/Sales
-10.46
Sector
Financial Services
Category
value
Brennan Asset Management Portfolio Holding: CAB Payments Holdings Limited
CABP.L: StoneX £1.45/share bid withdrawn after CAB's Q4 guidance cut. Lower EM flows, reduced take rates, IDO slowdown. 2024 volumes +7% vs -4% SWIFT, -2% Sub-Saharan Africa. No debt, trades <50% of offer. New exec team struggles with forecasts. Dollar strength headwind. Sold for tax purposes. Upside potential but awaiting operational progress.
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